TABLE 1.1 Use the Information in the Table to Answer the Following

question 11

Multiple Choice

TABLE 1.1
Use the information in the table to answer the following question(s) .

-Refer to Table 1.1.If each country specializes in their production with Austria producing only digital cameras and Russia producing only snowboards,at a trading rate of three snowboards per digital camera,how many cameras and snowboards will be available to be consumed in Russia if they trade 9,000 snowboards to Austria?

• A)9,000 snowboards and 5,000 digital cameras
• B)3,000 snowboards and 3,000 digital cameras
• C)3,000 snowboards and 9,000 digital cameras
• D)There is not enough information to answer this question.

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Definitions:

Coefficient Of Variation

A statistical measure of the relative dispersion of data points in a data series around the mean, expressed as a percentage.

Safety Inventories

Additional stocks held beyond expected demand to mitigate the risk of stockouts due to demand and supply variability.

Centralization

The concentration of decision-making authority at the top levels of an organization, often leading to more consistent and efficient policy implementation.

Product Variety

The range of different items or products a company offers to meet diverse customer needs or preferences.